Apache announces record first quarter results (Apache Design Solutions)

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Mountain View, Calif. - April 24, 2003 - Apache Design Solutions, the technology leader in physical design integrity solutions for system-on-chip (SoC) designs, today announced Q1 results that were 260% higher than the previous record quarter (Q3, 2002). Several factors contributed to this dramatic upswing.

The first orders for its recently introduced flagship product (see April 14, 2003 press release), RedHawk-SDL, had a major impact on Q1 performance. RedHawk is the first full-chip Vectorless Dynamic solution for analyzing the IR-drop impact of simultaneous switching, on-chip inductive noise, package parasitics, and decoupling capacitance.

Engagements with a few key early adopter partners in the second half of 2002 successfully transformed Apache's unique core technology into a customer-proven solution that fills a critical gap in today's sign-off flow for high-performance designs. A customer in Texas has adopted RedHawk-SDL for the production flow of the first 90nm DSP tapeout, and has engaged it in a 90 nm low-power wireless project.

Matsushita Electric Industrial Co., Ltd. became the first customer in Japan to purchase and deploy RedHawk in a critical 130 nm consumer-product tapeout.

Apache's NSPICE, a next-generation SPICE simulator with direct S-parameter mixed-domain simulation capability, continued its strong momentum in the multi-gigabit I/O and high performance simulation markets. This included re-orders from Advanced Micro Devices, Inc. (AMD) and IDT Newave Technology (Shanghai) Co., Ltd., along with the addition of three new customers.

Apache's leadership in these areas of growing importance, combined with the tremendous technical hurdles involved in solving full-chip dynamic physical power integrity issues, will ensure Apache's continued growth. Apache is currently engaged with most of the major semiconductor companies worldwide, focused on filling the current gap in their high-performance design flows.

About Apache Design Solutions
Apache is a provider of innovative next-generation physical design integrity software that accelerates the design process and guarantees the reliability of massive system-on-chip semiconductors operating at gigahertz frequencies. By providing tools for power, timing, and system I/O integrity, Apache enables leading networking, wireless, communication, consumer, and semiconductor companies to develop highly competitive and reliable products. Apache's physical design integrity products are used early in the sub-130 nanometer design process with minimal setup, delivering the highest standards of computational performance, capacity handling, and integrity.

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